Angi (NASDAQ:ANGI) Cut to Sell (D+) at Weiss Ratings

Key Points

• Angi (NASDAQ:ANGI) has been downgraded by Weiss Ratings from a "hold (c-)" to a "sell (d+)" rating amid concerns regarding its performance.
• The company's stock price was recently at $14.19, with a consensus rating of "Hold" and an average price target of $22.07 from analysts.
• Angi reported a quarterly revenue of $278.22 million, which was above analyst estimates, but its net margin fell to 5.50% and revenue declined by 11.7% compared to the previous year.

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on ANGI. Citizens Jmp lowered Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Citigroup downgraded Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. Zacks Research downgraded Angi from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. UBS Group lifted their target price on Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their target price on Angi from $17.00 to $20.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.07.

Angi Price Performance

Angi stock traded down $0.29 during midday trading on Wednesday, reaching $14.19. The company's stock had a trading volume of 1,727,064 shares, compared to its average volume of 825,216. Angi has a 52 week low of $10.88 and a 52 week high of $27.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $17.30 and a 200-day moving average price of $15.77. The stock has a market cap of $629.18 million, a PE ratio of 11.54 and a beta of 1.75.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The firm had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. Angi's revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Angi will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Squarepoint Ops LLC purchased a new position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,432 shares of the technology company's stock, valued at approximately $74,000. Institutional investors and hedge funds own 12.84% of the company's stock.

About Angi

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.

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